Tag: Meralco

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Meralco reduces power rates for June bill

Manila Electric Co., the country’s largest power distributor better known as Meralco, announced on Wednesday a reduction in electricity rates, lowering charges by P0.1076 per kiloWatt-hourin June, the second rate reduction in as many months.

DHL, MSpectrum partner for solar training center

MSpectrum, Inc., the solar energy arm of Meralco, has completed a 120-kilowatt peak (kWp) rooftop solar project for DHL Supply Chain, powering the logistics...

Meralco cuts May rates amid power supply stability

Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April. 

Meralco Q1 income up 9% to P10.45B

Manila Electric Co. (Meralco), the country's largest power distribution company, posted a 9 percent increase in net income for the first quarter, reaching P10.45 billion, driven by a rise in electricity sales between January and March.

New Meralco franchise to start June 2028

Manila Electric Co., the country’s largest power distributor, said its new 25-year franchise will commence upon the expiration of its current license on June 28, 2028. Better known as Meralco, the company said Republic Act 12146 that grants it a new franchise will take effect 15 days from its publication of at least two newspapers of general circulation. President Ferdinand Marcos Jr. signed the law on April 11.

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Lender adds stock trading feature to app

GoTyme Bank has launched a new feature called PH Stocks, allowing users to trade shares directly within its mobile app.

Marcos cuts LPG, kerosene excise to ease costs

President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.

Balisacan sees growth slowdown, downplays recession risk

Economic Planning Secretary Arsenio Balisacan said the Philippine economy is unlikely to slip into contraction this year despite mounting pressures from a fuel crisis, although growth is expected to fall short of earlier government targets.

DPWH eyes SLEX TR4 extension to Sorsogon; first phase set to open this year

The Department of Public Works and Highways (DPWH) is planning to extend the South Luzon Expressway Toll Road 4 (TR4) up to Matnog, Sorsogon by next year.

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